Question: t.ac.za/pluginfile.php/641616/mod_resource/content tion for reading PDF files? Read aloud Ask Copilot 2 of 16 D funding, including programs enacted through the pandemic-relief legislation provided by the

t.ac.za/pluginfile.php/641616/mod_resource/content tion for reading PDF files? Read aloud Ask Copilot 2 of 16 D funding, including programs enacted through the pandemic-relief legislation provided by the Coronavirus Aid, Relief, and Economic Security (CARES) Act, P.L. 116-136. As is the case with many programs of this nature, regulations put in place to ensure proper use of the funding can be complex. The complexity of these regulations, combined with the fact that applications for funding had to be submitted quickly with accounting staff working remotely for the first time, may have led to a heightened risk of inadvertent non-compliance with regulations established by the Treasury and the U.S. Small Business Administration. Consistent with fraud risks, audit teams should be aware of potential risks with respect to NOCLAR that could materially affect the financial statements. They should consider management's response and mitigation strategy and evaluate the appropriateness of planned

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